ACCESS Newswire (NYSEAMERICAN:ACCS) Stock Price Down 2.2% – Here’s What Happened

ACCESS Newswire Inc. (NYSEAMERICAN:ACCSGet Free Report) shares traded down 2.2% during mid-day trading on Thursday . The company traded as low as $6.56 and last traded at $6.73. 13,447 shares were traded during mid-day trading, a decline of 3% from the average session volume of 13,830 shares. The stock had previously closed at $6.88.

Wall Street Analyst Weigh In

Separately, Lake Street Capital reduced their target price on shares of ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, ACCESS Newswire has an average rating of “Buy” and a consensus target price of $12.00.

Check Out Our Latest Analysis on ACCS

ACCESS Newswire Trading Up 0.4%

The company has a 50 day moving average price of $6.58 and a 200 day moving average price of $7.34. The firm has a market cap of $26.23 million, a price-to-earnings ratio of -15.36 and a beta of 0.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.88 and a current ratio of 0.88.

ACCESS Newswire (NYSEAMERICAN:ACCSGet Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $5.33 million during the quarter. ACCESS Newswire had a positive return on equity of 5.57% and a negative net margin of 7.60%. On average, research analysts expect that ACCESS Newswire Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling at ACCESS Newswire

In related news, CEO Brian R. Balbirnie purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of $6.46 per share, for a total transaction of $64,600.00. Following the completion of the transaction, the chief executive officer directly owned 632,917 shares in the company, valued at approximately $4,088,643.82. The trade was a 1.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought 13,750 shares of company stock worth $89,575 in the last ninety days. 25.03% of the stock is owned by company insiders.

Institutional Trading of ACCESS Newswire

Several institutional investors have recently added to or reduced their stakes in the stock. Topline Capital Management LLC acquired a new position in ACCESS Newswire during the 2nd quarter worth about $8,724,000. Geode Capital Management LLC acquired a new position in ACCESS Newswire in the 2nd quarter valued at about $362,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in ACCESS Newswire during the fourth quarter worth about $140,000. Bridgeway Capital Management LLC purchased a new stake in ACCESS Newswire during the second quarter worth about $163,000. Finally, DRW Securities LLC acquired a new stake in shares of ACCESS Newswire during the fourth quarter worth about $117,000. Institutional investors and hedge funds own 50.02% of the company’s stock.

About ACCESS Newswire

(Get Free Report)

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.

Further Reading

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